Himalayan Everest Insurance Distributing Cash Dividend Directly to Bank Accounts of its Shareholders

Himalayan Everest Insurance Limited (HEI) is distributing a 6.37% cash dividend from today directly to bank accounts and DEMAT accounts of its shareholders respectively and urged to dematerialize their shares, and 8.63% bonus shares will be distributed directly to DEMAT accounts after listing in NEPSE. 

The insurance company convened its 30th AGM on 25th Poush, 2080. The AGM endorsed a 15% dividend for the fiscal year 2079/80. The 317th board of directors meeting held on Poush 25 decided to distribute the dividend on the paid-up capital of Rs. 2.30 Arba. 8.63% bonus shares worth Rs. 19.86 crore and 6.37% cash dividend (including tax) worth Rs. 14.66 crore were proposed. The same cash dividends are now being distributed.

Shareholders are urged to dematerialize their shares at NMB Capital Limited, Baluwatar, Kathmandu.

Note that the bonus shares are not listed in NEPSE yet.

For those who have not authenticated their bank account in their Demat accounts and for those who have not dematerialized their shares, the dividend of the company will be distributed only after they complete the necessary procedure. Furthermore, investors who have taken margin loans against the shares of the companies are required to present a No Objection Letter or a Release Letter, depending on when they took the loan.